Advanced Analog Technology (ROCO:3438) Cyclically Adjusted PB Ratio: 1.39 (As of Aug. 20, 2026) — Near Median

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ROCO:3438 Advanced Analog Technology Inc ROCO:3438
67 GF Score
Price NT$57.50
GF Value NT$63.99
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Advanced Analog Technology Cyclically Adjusted PB Ratio?

Advanced Analog Technology ROCO:3438 67 Cyclically Adjusted PB Ratio is 1.39 as of Aug. 20, 2026, which is 9% below its 10-year median of 1.52. GuruFocus rates ROCO:3438 with a GF Score™ of 67/100 and a GF Value™ of NT$63.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 726 Semiconductors companies, Advanced Analog Technology ranks better than 74.38% on this metric.

As of today (2026-08-20), Advanced Analog Technology's current share price is NT$57.50. Advanced Analog Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$41.30. Advanced Analog Technology's Cyclically Adjusted PB Ratio for today is 1.39.

The historical rank and industry rank for Advanced Analog Technology's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:3438' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.52   Max: 2.62
Current: 1.39

During the past years, Advanced Analog Technology's highest Cyclically Adjusted PB Ratio was 2.62. The lowest was 0.79. And the median was 1.52.

ROCO:3438's Cyclically Adjusted PB Ratio is ranked better than
74.38% of 726 companies
in the Semiconductors industry
Industry Median: 3.24 vs ROCO:3438: 1.39

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Advanced Analog Technology's adjusted book value per share data for the three months ended in Jun. 2026 was NT$58.525. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is NT$41.30 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Advanced Analog Technology  (ROCO:3438) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Advanced Analog Technology Cyclically Adjusted PB Ratio Related Terms


Advanced Analog Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Advanced Analog Technology's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Advanced Analog Technology Cyclically Adjusted PB Ratio Chart

Advanced Analog Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.30 1.36 2.06 1.57 1.40

Advanced Analog Technology Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.15 1.14 1.40 1.08 1.69

ROCO:3438 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Advanced Analog Technology's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Advanced Analog Technology Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Advanced Analog Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Advanced Analog Technology's Cyclically Adjusted PB Ratio falls into.


ROCO:3438
67GF Score
Advanced Analog Technology Inc ROCO:3438
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Advanced Analog Technology Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Advanced Analog Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.50/41.30
=1.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Advanced Analog Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Advanced Analog Technology's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=58.525/333.9520*333.9520
=58.525

Current CPI (Jun. 2026) = 333.9520.

Advanced Analog Technology Quarterly Data

Book Value per Share CPI Adj_Book
201609 36.599 241.428 50.625
201612 32.699 241.432 45.230
201703 32.185 243.801 44.086
201706 32.006 244.955 43.634
201709 31.880 246.819 43.134
201712 31.610 246.524 42.820
201803 30.668 249.554 41.040
201806 29.923 251.989 39.656
201809 29.898 252.439 39.552
201812 29.510 251.233 39.226
201903 29.304 254.202 38.497
201906 29.232 256.143 38.112
201909 29.309 256.759 38.121
201912 29.355 256.974 38.148
202003 29.701 258.115 38.427
202006 30.050 257.797 38.927
202009 26.565 260.280 34.084
202012 27.328 260.474 35.037
202103 29.023 264.877 36.592
202106 29.766 271.696 36.587
202109 31.612 274.310 38.485
202112 32.960 278.802 39.480
202203 33.649 287.504 39.085
202206 30.924 296.311 34.852
202209 30.934 296.808 34.805
202212 30.368 296.797 34.170
202303 30.486 301.836 33.730
202306 41.677 305.109 45.617
202309 40.428 307.789 43.865
202312 40.059 306.746 43.612
202403 36.789 312.332 39.336
202406 36.695 314.175 39.005
202409 39.426 315.301 41.758
202412 44.766 315.605 47.368
202503 45.494 319.799 47.507
202506 40.593 322.561 42.027
202509 45.560 324.800 46.844
202512 45.389 324.054 46.775
202603 52.893 330.213 53.492
202606 58.525 333.952 58.525

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.39 mean?
Advanced Analog Technology (ROCO:3438) has a Cyclically Adjusted PB Ratio of 1.39 as of Aug. 20, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Advanced Analog Technology and its competitors. This is near median its historical median of 1.52. Over the past decade, Advanced Analog Technology's Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.62. According to the industry distribution chart, Advanced Analog Technology ranks #186 out of 726 companies in the Semiconductors industry, placing it in the top 25.6%.
Is Advanced Analog Technology's Cyclically Adjusted PB Ratio too high?
Advanced Analog Technology's current Cyclically Adjusted PB Ratio of 1.39 is near median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.62. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.24. Advanced Analog Technology's value of 1.39 is 57.1% below this industry median. Based on the distribution chart, Advanced Analog Technology ranks #186 out of 726 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Advanced Analog Technology has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Analog Technology's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Advanced Analog Technology ranks #186 out of 726 companies for Cyclically Adjusted PB Ratio. This puts Advanced Analog Technology in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.24. Advanced Analog Technology's value of 1.39 is 57.1% below this benchmark. Historically, Advanced Analog Technology's own Cyclically Adjusted PB Ratio has ranged from 0.79 to 2.62 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 3.24, Advanced Analog Technology has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.24, based on 726 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Advanced Analog Technology's current Cyclically Adjusted PB Ratio of 1.39 is 57.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Advanced Analog Technology and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Analog Technology's current Cyclically Adjusted PB Ratio is 1.39, which is near median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Analog Technology stock overvalued right now?
Based on GuruFocus' analysis, Advanced Analog Technology (ROCO:3438) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$63.99, compared to a current price of NT$57.50 — trading 10.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.39, which is near median its 10-year median of 1.52 and 57.1% below the Semiconductors industry median of 3.24. Advanced Analog Technology's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Advanced Analog Technology (ROCO:3438), the current Cyclically Adjusted PB Ratio is 1.39 as of Aug. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Advanced Analog Technology (ROCO:3438) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Analog Technology stock appears to be undervalued. The current stock price of NT$57.50 is trading 10.1% below its estimated GF Value™ of NT$63.99. GuruFocus considers Advanced Analog Technology to be Modestly Undervalued.

Key valuation signals for ROCO:3438:

  • Cyclically Adjusted PB Ratio: 1.39 (near median its 10-year median of 1.52)
  • GF Value™: NT$63.99 vs. price of NT$57.50 (10.1% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 57.1% below the Semiconductors median (#186 of 726)

No single metric tells the full story. See the ROCO:3438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advanced Analog Technology Business Description

Address 2F, No. 17, Gongye East 2nd Road, Science-Based Industrial Park, Hsinchu City, TWN, 300
Advanced Analog Technology Inc is a Taiwan based company operates in the semiconductor business. The activity of the group includes researching, developing and marketing of analog integrated circuits (IC). The product offered by the group includes linear, switching, and multi-function regulator, battery management, supervision, LED and Driver, among others. Geographically, the activities are carried out through the region of Taiwan and it derives revenue through the sale of the products.
67GF Score

Get the complete analysis for ROCO:3438

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$57.50
Price
NT$63.99
GF Value